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Conagra Brands CAG Operating margin

Operating margin at other companies

Campbell Soup logo
Campbell SoupCPB
11.3%+2.1pp
General Mills logo
General MillsGIS
19%+0.7pp
Hormel Foods logo
Hormel FoodsHRL
5.8%-2.7pp
McCormick & Company, Incorporated logo
McCormick & Company, IncorporatedMKC
15.1%-0.5pp
PepsiCo logo
PepsiCoPEP
12.7%-1.2pp
The Kraft Heinz Company logo
The Kraft Heinz CompanyKHC
-22.9%-34.4pp

Other financials

Income statement

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Revenue$2.8B-1.9%
Gross profit$657.7M-7.4%
Operating income$280.1M+17.0%
Net income$199.8M+37.7%
EPS (diluted)$0.42+40.0%

Balance sheet

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Cash & equivalents$55.1M+11.5%
Total debt$98.2M-88.8%
Total equity$8.9B+5.8%
Total assets$19.2B-7.4%

Cash flow

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Operating cash flow$564.4M-4.7%
CapEx$95.6M+7.7%
Free cash flow$468.8M-6.8%

Valuation

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Market cap$6.32B-24.5%
Enterprise value$6.36B-28.9%
P/S0.6×-0.1×

Profitability

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Gross margin24.2%-2.3pp
Net margin-0.4%
FCF margin7.5%-4.8pp

Returns & leverage

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Return on equity13.3%
Debt / equity0.1×0.0×
Current ratio0.9×+0.2×

Where this comes from

Calculated from Conagra Brands’s reported figures.

Based on trailing twelve months.

The official record: Conagra Brands’s 10-Q, filed April 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Conagra Brands's operating margin?
Conagra Brands (CAG) reported operating margin of 3.1% in Q4 2025.
How has Conagra Brands's operating margin changed year-over-year?
Conagra Brands's operating margin decreased by 70.7% year-over-year, from 10.7% to 3.1%.
What is the long-term trend for Conagra Brands's operating margin?
Over 2 years (2023 to 2025), Conagra Brands's operating margin has grown at a 15.8% compound annual growth rate (CAGR), from 8.8% to 11.8%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.